Subsidiaries

                      Nadex Products Co., Ltd. is doing business in wide range of industries, keeping “Customer Satisfaction First” as the slogan, with an integrated manufacturing system covering planning, design and manufacturing of products, taking advantage of its expertise in sheet metal fabrication, PCBs and electric & electronics devices, thus strives to contribute business partners and local communities.

                      Address 1-21 Himegaoka, Kani City, Gifu Pref. 509-0249 Japan
                      Phone No. +81-574-62-1101
                      Establishment October 1969
                      Capital 98,350 thousand Japanese Yen
                      Website http://www.nadex-p.jp/
                      • PCB design and controller assembly
                      • Sheet metal design and fabrication
                      • Welding system design and manufacturing

                      • Research and development of laser processing technologies
                      Headquarters and Fabrication Division

                      Components Division

                      Nadex Laser R&D Center

                      Ishikotec Co., Ltd. is doing business, keeping “Provide Solutions to Customer Issues” as the slogan, to contribute to business partners and local communities with its integrated manufacturing management system to respond to design and manufacturing of customer-requested QCD.

                      Address 11-1 Kukuchinishimachi 1-chome, Amagasaki City, Hyogo Pref. 661-0978 Japan
                      Phone No. +81-6-6421-8980
                      Establishment November 1950
                      Capital 20,000 thousand Japanese Yen
                      Website http://ishikotec.co.jp/
                      • Design and manufacturing of factory automation systems
                      • Design and manufacturing of clean FA system such as FPD- and semiconductor-related systems.
                      • Design and manufacturing of welding systems and fixtures
                      • Stainless steel and aluminum parts machining
                      • Collaborative development projects in collaboration with universities, research institutes, etc.
                      • Design and manufacturing of laser systems
                      Headquarters and Amagasaki Plant

                      Mitejima Plant

                      Nadex of America Corporation

                      In 1989 Nadex Co., Ltd. invested in a manufacturer specializing in resistance welding controllers dominant in the USA, a country of motor vehicle superpower, together with the company’s management, and restarted the company as a joint venture. Since then, the company has been improving and strengthening its technologies and production management systems backed up by its history and tradition, steadily building up a solid track record of delivery to “Big Three” and enhancing the confidence in the company. In November 2013, the company became a 100% subsidiary of Nadex Co., Ltd.

                      Address 24775 Crestview Court Farmington Hills, MI 48335 U.S.A.
                      Phone No. +1-248-477-3900
                      Establishment February 1989
                      Capital 471 thousand US Dollars
                      • Manufacturing and sale of resistance welding machine control equipment

                      Affiliated Companies
                      Welding Technology Corp.
                      GLOBAL WELDING SOLUTIONS, LLC
                      MEDAR CANADA, LTD.
                      Shanghai Medar Welding Equipment Co., Ltd.

                      Welding Technology Corp.

                      Address 24775 Crestview Court Farmington Hills, MI 48335 U.S.A.
                      Phone No. +1-248-477-3900
                      Establishment July 1999
                      Capital 150 thousand US Dollars
                      Website

                      http://www.weltronic.com/

                      Nadex Machinery (Shanghai) Co., Ltd.

                      The company is established by Nadex Co., Ltd. as a 100% subsidiary. The company is engaged in design, manufacturing, sale and after-sale services of automobile manufacturing equipment taking advantage of welding-related technologies and know-how accumulated in Nadex Group.

                      Address 815 Shenfu Rd., Shijiazhuang Industrial Zone, Shanghai, China
                      Phone No. +86-21-5442-7877
                      Establishment July 2003
                      Capital 23,298 thousand Chinese Yuan
                      Website http://www.nadex.com.cn/
                      • Design, manufacturing and sale of welding equipment and systems
                      • Design, manufacturing and sale of FA equipment

                      Nadex Engineering Co., Ltd.

                      The company is renamed from S.A.TECH CO., LTD. in February 2011.

                      Address

                      104/5 Building A3 Moo 17 Theparak Rd., Bangsaothong,
                      Samutprakarn 10540 Thailand

                      Phone No. +66-2-315-2911
                      Establishment August 2001
                      Capital 6,500 thousand Thai Baht
                      • Sale and services of welding equipment, FA equipment and other types of industrial equipment
                      • Relocation and installation of equipment, wiring and piping work and design and fabrication of ancillary metal sheet products.

                      Nadex (Thailand) Co., Ltd.

                      The company has been established in Thailand where a number of Japanese automotive and other companies had already business bases, as the most important base functioning Nadex Group’s hub in southeast region going forward.

                      Address

                      104/5 Building A3 Moo 17 Theparak Rd., Bangsaothong,
                      Samutprakarn 10540 Thailand

                      Phone No. +66-2-315-2911
                      Establishment April 2008
                      Capital 10,000 thousand Thai Baht
                      • Sale and services of welding equipment, FA equipment and other kind of industrial equipment

                      PT. NADESCO INDONESIA

                      Address

                      Jl.Jababeka lX-A,Kawasan Industri Jababeka 1 Blok P2H1,Kel,Wangunharja,Kec.Cikarang Utara,Bekasi,
                      Jawa Barat,Indonesia 17530

                      Phone No. +62-21-2909-3132
                      Establishment January 2012
                      Capital 3,582,000 thousand Rupiah
                      • Sale and services of welding equipment, FA equipment and other kind of industrial equipment and parts

                      PT. NADESCO ENGINEERING INDONESIA

                      Address

                      Jl.Jababeka lX-A,Kawasan Industri Jababeka 1 Blok P2H1,Kel,Wangunharja,Kec.Cikarang Utara,Bekasi,
                      Jawa Barat,Indonesia 17530

                      Phone No. +62-21-2909-3132
                      Establishment July 2016
                      Capital 300 thousand US Dollars
                      • Sale and services of welding equipment, FA equipment and other kind of industrial equipment and parts

                      NADEX MEXICANA, S.A. de C.V.

                      Address

                      Avenida Nezahualcoyotl No44, Colonia Cumbress de Conin El Marques, CP76246 Queretaro, Mexico

                      Phone No. +52-442-403-9348
                      Establishment February 2013
                      Capital 6,400 thousand Mexican Peso
                      • Sale and services of welding equipment, FA equipment and other kind of industrial equipment and parts

                      Fujix Co., Ltd.

                      Nadex acquires capital in the company in August 2001. Fujix Co., Ltd. is a group of engineering experts dedicated in automation systems.The company has established an integrated manufacturing system covering design, manufacturing and maintenance of the automation equipment and parts. Regarding parts business, the company has a 100% subsidiary in China to manufacture various types of machined parts and is supplying high quality parts at reasonable prices.

                      Address 628-1 Shinjo, Bizen City, Okayama Pref. 705-0014 Japan
                      Phone No. +81-869-66-7031
                      Establishment June 1967
                      Capital 20,000 thousand Japanese Yen
                      Website http://www.pro-fujix.co.jp/
                      • Precision machined parts
                      • Design and manufacturing of mechatronic system

                      [Subsidiary in China]
                      Hangzhou Tengjiushou Machinery Manufacturing Co., Ltd.
                      M4-9-1 Economic and Technical Development Zone, Jianggan, Hangzhou, Zhejiang, China

                      Address 1-1 Gorota, Yonezu-cho, Nishio City, Aichi 445-0802
                      Phone No. +81-563-57-1171
                      Establishment April 1986
                      Capital 10,000 thousand Japanese Yen
                      Website http://www.tamari.co.jp/
                      Address 3399-18 Shimami-cho, Kita-ku, Niigata City, Niigata 950-3102
                      Phone No. +81-25-255-2566
                      Establishment April 1987
                      Capital 77,000 thousand Japanese Yen
                      Website http://www.shintec-n.co.jp/
                      Address 97-3 Tajiri-cho, Minami-ku, Hamamatsu City, Shizuoka 432-8054
                      Phone No. +81-53-442-0707
                      Establishment June 1990
                      Capital 10,000 thousand Japanese Yen
                      Website http://www.ts-techno.jp/techno/index.html
                      92极品福利少妇午夜100集